Affinity and Wilhelmsen Ship Management form EU ETS compliance company
Splash 24/7 » Asia
by Sam Chambers
7h ago
Wilhelmsen Ship Management (WSM) and shipbroker Affinity Shipping have signed a memorandum of understanding (MOU) to jointly establish an independent company that will provide comprehensive compliance services related to the EU ETS (European Union Emission Trading System). The service integrates technical shipmanagement and carbon allowance procurement to support shipowners, managers, and operators in the new ..read more
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ST Engineering acquires Keppel FELS yard
Splash 24/7 » Asia
by Sam Chambers
1d ago
ST Engineering’s marine business has acquired the site and assets of an existing shipyard in Singapore at 55 Gul Road from Keppel FELS for $95m for its commercial ship repair business. The assets acquired include three floating docks, existing buildings, workshops, and machinery. The new Gul yard replaces ST Engineering’s Tuas shipyard, as its lease ..read more
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Scottish sail project readies for testing
Splash 24/7 » Asia
by Sam Chambers
2d ago
The Scottish government has detailed today a new round of £1.35m($1.63m) funding for Dumfries-based Smart Green Shipping with the Di Gilpin-led company ready to install its first FastRig (pictured) for land-based testing in June. Smart Green Shipping is a systems design and engineering company developing unique retrofit sails and technology for sustainable commercial ships. MOL Drybulk ..read more
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Jaldhi Overseas back at Yangzi-Mitsui Shipbuilding
Splash 24/7 » Asia
by Sam Chambers
2d ago
In the product tanker sector, Clarksons Research reports Singaporean owner Jaldhi Overseas has returned to Yangzi-Mitsui Shipbuilding, ordering four 50,000 dwt MRs, with delivery due in the second half of 2025 and the first half of 2026. No price has been revealed. Yangzi-Mitsui Shipbuilding is a joint venture yard between China’s Yangzijiang Shipbuilding and Japan’s ..read more
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Indonesia’s Gurita busy growing its coal business
Splash 24/7 » Asia
by Hans Thaulow
2d ago
There is a sluggish tempo in dry bulk S&P, with very few sales to report. However, broking sources reveal one active buyer, Indonesia’s Gurita, bidding repeatedly under the radar. The cabotage-focused owner has added its third supramax in a year and has sealed its third deal since October, tabling just under $15m for the 14-year-old ..read more
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Car carrier blaze off Vietnam
Splash 24/7 » Asia
by Sam Chambers
2d ago
Another car carrier caught fire over the weekend, the latest in a series of incidents that are spooking seafarers and insurers alike. The 6,000 ceu made towards the Vietnamese coastline after a fire broke out on Friday. The blaze ripped through three decks and was only eventually put out earlier today. The Panama-flagged ship was ..read more
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Gas cylinder explosion injures eight in Vietnam
Splash 24/7 » Asia
by Sam Chambers
4d ago
A gas cylinder exploded in a cargo bay of a bulk carrier being repaired in northern Vietnam yesterday, an accident which saw eight men rushed to hospital. The 68,000 dwt was being repaired at Nosco Shipyard when the accident occurred yesterday morning. The ship belongs to Hanoi-based Phuong Dong Shipping and Trading JS Company. The ..read more
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PIL creates partnership with Philippine carrier
Splash 24/7 » Asia
by Sam Chambers
5d ago
The Philippines has a liner entrant offering regular international services with news that Manila-headquartered IRIS Lines has teamed with Singapore’s Pacific International Lines (PIL) to offer a new joint intra-Asia service. IRIS and PIL’s new weekly, fixed day joint service is served by two 1,100 teu vessels, both lines deploying one vessel each. Port rotation ..read more
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DP World to build box terminal at India’s Deendayal port
Splash 24/7 » Asia
by Adis Ajdin
6d ago
Dubai-headquartered DP World has landed a concession to develop, operate and maintain the ‘mega-container terminal’ at Deendayal port on India’s west coast. Located in Kandla, Gujarat, the project involves the construction of a 2.19m teu terminal at Tuna-Tekra through a public-private partnership estimated to cost around $550m. Once complete, the terminal on the adjacent east ..read more
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Mitsubishi joins the Japanese rush to develop ammonia bunker vessels
Splash 24/7 » Asia
by Adis Ajdin
6d ago
As ammonia continues to gain traction as one of the potential zero-carbon fuels for shipping, the development of bunkering vessels that will supply these next-generation ships is also pressing ahead.  Japan’s Mitsubishi Shipbuilding, part of Mitsubishi Heavy Industries (MHI), has completed a conceptual study for an ammonia bunker ship in collaboration with Japanese energy major ..read more
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